What is disability income insurance?
Disability income insurance replaces a portion of your income in the event you become too sick or hurt to work. RetireGuard® disability income insurance helps protect your ability to save for retirement.
How is disability income insurance used?
For employees, individual disability income insurance is often used to supplement limited coverage provided by an employer's group long-term disabililty plan. RetireGuard is used to help replace the contributions that would have been made to an employee's qualified retirement plan, if the employee had not become disabled.
What are the benefits of disability income insurance?
RetireGuard can help replace up to 100% of an amount equal to retirement plan contributions that would have been
made to an employee's eligible defined contribution plan if the employee had not become disabled.
What are the different types of disability income insurance products that can help meet the retirement planning needs of your organization?
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RetireGuard
Can help protect an employee’s ability to save for retirement.
Prefer to speak to someone about disability income insurance products?
RetireGuard [Policy Form XL-IS-92 with EDI-10 and XL-IS-92(NC) with EDI-10 in North Carolina] is issued by Massachusetts Mutual Life Insurance Company, Springfield MA 01111-0001 and has exclusions and limitations. RetireGuard can be issued on a stand alone basis or as a rider on a disability income contract for an additional cost. RetireGuard is not a retirement or pension plan or a substitute for such a program. Benefits are paid directly in to a trust, not into an employer sponsored retirement plan. Trust assets may be tax deferred depending on the investment option(s) you choose. Trust services are provided by The MassMutual Trust Company, FSB.
